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CSPAN
Dec 1, 2012 6:00am EST
who want to come here to help create jobs and help get our economy back on track. so it's very much, i think, in sync with our priority of helping americans get back to work, helping create more jobs for more americans. >> democrats have now said after your response towards the thee house's proposal that ball is now in your court, that the onus is on you to put forth a proposal. is the ball in the republicans' court now? >> well, we remain committed at all -- at all instances to engage in discussions that are serious. i think that the proposal that was delivered here by secretary geithner to the speaker and me yesterday was not a serious proposal. we remain in discussions. i know the speaker as well as i do not want to see us go over the fiscal cliff, but feel very strongly we've got to get serious here. we don't want to increase tax rates. we're not going to increase tax rates. and we want to do something about the spending problem. and remember, the good will, the piece that is, i think, determinive here, the speaker's put new revenues on the table just after the election and said we
CSPAN
Dec 6, 2012 5:00pm EST
on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it is -- it has been an honor for me to serve as chairman of this committee and also served with my friend, kevin brady, as vice chair. he has been great to work with. i hope there'll be bipartisan success in congress. i look forward to working with him as i change seats in the senate for the next congress. i am grateful to our witnesses, whom i will introduce. before i do that, opening statements. >> i think the chairman for the recognition. this is the concluding hearing from the 112th congress. ,'m behalf of the vice chair kevin brady, on
CNBC
Nov 30, 2012 12:00pm EST
things off kilter. i think the economy improves next year. we think emerging economies improve as well so global growth but the real catalyst is going to be the grand bargain where they come down to the agreement and people have confidence that we're going to be back on the track to a better health physically in thfi fiscally. >> your expectation is sort of a band-aid now, maybe a sizable band-aid. >> right. >> and then handle it all, reform the tax code and so forth, at some point next year maybe by the middle of next year. >> middle to latter part of next year. you just can't get all the hard work done between now and the end of the year but we think you can get enough of an agreement to hit the pause button and get down to the hard work. >> you have an aggressive target for year's end next year at least where we currently sit. >> right. >> 1600 on the s&p. so a 10% to 15% move in stocks. >> right. >> are you less concerned than most people seem to be about earnings and earnings slowing down into next year? >> we feel pretty good about earnings. we are looking at $102 per share for the
CSPAN
Nov 30, 2012 9:00am EST
and boost the economy. mr. benishek: our nation is facing significant challenges. a weak economy, record deficits and a federal government we cannot afford. many northern michigan citizens fear for the future of our republic. the american people deserve solutions to these problems and comprehensive tax reform is a key part of these solutions. president obama has made it clear that his preference is to raise taxes on families and businesses, but that plan won't fix our national debt. it won't improve the economy. instead, congress should focus on tax reform and real significant spending reductions. the american people have chosen divided government, and with that comes a responsibility for us to work together and to fix the pro-our nation faces. i -- the problem our nation faces. i ask my colleagues to help resolve this fiscal crisis and do what's best for the american people. thank you. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from pennsylvania seek recognition? >> i ask unanimous consent to address the house for one minute. the speak
CSPAN
Nov 28, 2012 8:00pm EST
economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner rather than later. >> good morning. last week, the president's chief political adviser indicated that medicare and medicaid are the main drivers of our deficit. i know we have seen this morning als
CNN
Dec 2, 2012 6:00am PST
together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union." >>> republicans call -- sufficed to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, heats actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> wile his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction. >> after the
CSPAN
Dec 3, 2012 8:00pm EST
and the demand for oil -- actually, and the demand for oil continues to decline based on fuel economy standards and other reasons. and yet, with this revolution we still continue to have a problem. and i think the report that we're releasing today, the national strategy for energy security and its subtitle really says it all -- harnessing american resources innovation. and the first point is, how do we leverage this abundance we have in the united states to our maximum benefit? at a time when washington is talking about our fiscal crisis i'd say that the relationship of our oil needs to this crisis itself are close. it might not solve our fiscal crisis but clearly it's a necessary ingredient. every recession in the history of the united states in moden times has been preceded by or happening concurrent with an oil price spike. if we don't have continued growth we can cut all we want and raise revenue all we want, but we'll never find a way to solve our fiscal troubles. and i think this report really looks at how do we leverage this great abundance, this great blessing in the united states, both
CSPAN
Nov 29, 2012 7:00am EST
. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again the wrong direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit, let's look at the spending. the speaker's swift rejection of an idea floated by representative tom cole of oklahoma, a respected party strategist and former chair of the house g.o.p. campaign committee came as the republicans voiced increasing concerns over the debate of the so-called fiscal cliff. boehner said it's time for them to get serious about the spending problem that our country has. republicans complain t
CSPAN
Nov 30, 2012 8:00pm EST
fewer not good for our businesses. it's not good for our economy. it's not good for employment. that's one path. congress does nothing, we don't deal with this looming tax hike on middle class families, and gets hit with this big tax hike and businesses suddenly see fewer customers, less demand, the economy, which we've been fighting for four years to get out of this, you know, incredible economic crisis that we have, it starts stalling again. so that's one path. the good news is there's a second option. right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. so that means 98% of americans, 97% of small businesses wouldn't see their income taxes go up by a single dime, right? because 98% of americans make $250,000 a year or less. 97% of small businesses make $250,000 a year or less. so if you say income taxes don't go up, income above $250,000, the vast majority of americans, they don't see a tax hike. but here's the thing, even the top 2%, even folks who make more than $250,000, they still keep their tax cut on the firs
FOX Business
Nov 30, 2012 9:20am EST
. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already weak with 8% unemployment, you do that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how
FOX Business
Nov 30, 2012 11:00am EST
to be remembered that push the country back into recession. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do
FOX News
Dec 5, 2012 8:00am PST
over the last four years, there is progress in some key sectors of our economy. we've seen housing finally begin to bounce back for the first time, and that obviously has an enormous ripple affect throughout the economy. consumer confidence is as high as it's been. many of you over the last two, three years have experienced record profits or near record profits and have a lot of money where you're prepared to invest in plants, and equipment, and hire folks. obviously globally the economy is still soft. europe is going to be in the doldrums for quite some time. asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago. but i think what all of you recognize and many of you have told me is that everybody is looking to america, because they understand that if we're able to put forward a long-term agenda for growth and prosperity that is broad based here in the united states, that confidence will not just increase here in the united states, it will increase globe balance leave. globally and i think we can get the
CSPAN
Dec 3, 2012 5:00pm EST
market. it is just going to affect the economy the same as gas prices or food prices going up on the poor and middle class. life will go on. just like life has gone on for the rest of the united states of america. but right now, i think the state of politics is very sad because they're seen -- there seems to be more of a game to be played and positions, one party having the upper hand over the other. not much is going to get done. and you have too many extremes on each side to make things a lot more difficult to run. and it makes it difficult on the president as well. i'm optimistic that the president got reelected, but pessimistic on anything really changing. have leased, anytime soon. -- at least, any time soon. host: and talking about actual change, if there will be a difference on january 1st or otherwise, in terms of taxes, politics, the fiscal cliff, john mckinnon, are any of these expiring? as part of our fiscal cliff series, we're looking at the bush tax cuts that are set to expire unless congress acts, and we are looking at spending cuts. our deductions on the chopping block unle
CSPAN
Nov 29, 2012 1:00am EST
the economic brake and let this economy continue to build. it seems a little disorienting and ale disconcerting to hear that there may be some people in this congress who put their pledge to a special interest ahead of their pledge of allegiance to this country. and while we are beginning to see some cracks in that cement block that is the special interest group that has gotten these republican members to sign these no-tax pledges, there are not that many. you hear a high ranking republican in the house talking about telling his colleagues to join with president obama to move forward in preserving the tax rates for the middle-class. as the chairman just said, for everyone, including warren buffett, ross perot -- they would get tax relief for the first $250,000 of their income as well. you hear some republicans calling this pledge handcuffs that keep them from moving forward. we would hope in the short periodically have before december 31, we would not let a pledge to a special interest supersede the pledge of allegiance to make to our country. finally, once again, the american people are way ah
MSNBC
Nov 30, 2012 10:00pm PST
the economy. >> i've heard of the economy, yes. >> the unemployment rate is still way too elevated. 7.9%. gdp got a pop but most of us agree it is growing well too slowly. this is our biggest near term problem. our biggest near term problem is not the budget deficit. that is a long-term problem, a serious problems, we have a chance to do something about it. . if we can at the same time, help the 2013 economy by giving it a bit of a boost, that means a lot to workers, their paychecks, job availability. i'm very happy to see that was in there. >> when you look at the white house's proposal, what do you think they think they can actually get? >> i think they think they can get the increase in the top rates. that's the biggest kind of thing to finally break the mold on that, to really push back against the kind of grover norquistian asymmetry. i think they can get that. i'm not sure we end up at 396 for the top rate, but i think they will get that. i think probably by giving some on the entitlements as is in their opening bid, they will be able to get back to perhaps some of the stimulus ideas as
CSPAN
Dec 4, 2012 10:00am EST
group and give to the other. some say go to the clinton tax rate. we had a booming economy and creating more jobs. if increasing taxes increases economic activity, why don't we go to a 95% tax rate and then we'll really have a booming economy? the reason that no one proposes that is because no one really believes that. that's why the accelerated tax rate that's being recommended by the white house is also being proposed by another stimulus plan, a spending plan. here's the example that i can talk about with this. when people talk about just raise taxes in the upper 2%, well, here's an example of what's being proposed by the president. capital gains will go to 28.3%. dividends will go from 15% to 43.4%. now, i have a lot of people that will say to me, just raise it on the upper bracket. but when i tell them, can i tell you what that means? their taxes go from 15% to 43.4%, i have yet someone stop me and say, that's fair. it sounds so much easier to say, raise it on someone else, not on us. we have to solve the problem. just raising taxes doesn't solve the problem. we're spending $1 trill
CSPAN
Nov 30, 2012 2:00pm EST
our economy. how to deal with them in a responsible way, get us passed this fiscal cliff, passed in august, only plan in washington, d.c., to prevent these debilitating tax increases from hitting across all of our family owned small businesses. finally, mr. speaker, h.r. 6365, it's the national security and job protection act. we passed that in september. that's the bill that looks specifically at these coming defense cuts. these cuts that secretary of defense leon panetta has called devastating in their impact. i know you do, mr. speaker, leon panetta, former chief of staff to president bill clinton, former chairman of the democratic-led budget committee here in the u.s. house of representatives, current secretary of defense calls these defense cuts devastating. this u.s. house has passed a proposal to prevent that second round of cuts from taking place. it's the only proposal anywhere in this town to have passed. we did in august. we took care of our business and we have yet to have partnership from either the white house or the senate. on that proposal. we took the sequester r
MSNBC
Nov 30, 2012 9:00am PST
and that would be good for businesses, for our economy, for future generations. and i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're going to have to raise a little more revenue, we've got to cut out spending we don't need, building on the trillion dollars of spending cuts we've already made, and if we combine those two things, we can create a path where america's paying its bills while still being able to make investments in the things we need to grow like education and infrastructure. we know how to do that. but, you know, in washington, nothing is easy so there's going to be some prolonged negotiations. and all of us will have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hoping enough members of congress in both parties are willing to do that as well. we can solve these problems. but where the clock is really ticking right now, is on middle-class taxes. at the end of the year, middle class taxes that are currently in place are set to expire. middle class tax cuts that are currently i
CNBC
Nov 30, 2012 1:00pm EST
on this debate. this is too important to our economy. it is too important for our families to not get it done. it's not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> then one of those congressmen who's presumably on the president's naughty list today, speaker john boehner, who came out just a few minutes after the president spoke. he talked here on capitol hill a little bit about the stalemate that he sees these talks being at this point. sort of a glum take here from the speaker of the house. obviously he's saying that these negotiations not broken down. they continue to talk but a stalemate is the way he characterizeded that. so tyler, not great news here on capitol hill, but there's another week next week. we'll get another crack at this thing. >> eamon, thanks very much. where do we stand? are we any closer to a deal? we thought we'd give you our little guide with the daily spin on our "rise above" deal meter. as you can s
CNBC
Nov 30, 2012 6:00am EST
have to put the changes that happened well down the road because the economy's not ready to handle a lot of these changes in terms of cuts and things like that. but the idea that it feels like they're not going to do anything. you could wand ind up with the situation, let it all ride. we won't deal with any of it right now. >> republicans have had a good pint that tax increases are immediate and spending cuts are put off. >> when is a good time? they're talking about another four or five years of we're not going to be ready to have any type of austerity because it's still this huge debt overhang. what color is that tie? >> i don't know. red, i think. >> is it a red rutgers tie? >> not intentional. i completely forgot about the game. not having paid attention to the most important sports event of the year. >> they lost. but they played well. >> they showed up. i didn't see it, but i was happy they showed up. i have my rise above button back on because i thought i was going to have a rutgers button so which would not have allowed me to -- but now i had room for this. you got no sleep
NBC
Nov 28, 2012 5:30pm PST
is to grow the economy and cut spending. you won't grow the economy if you put tax rates on the top two rates. >> there was no serious discussion by the white house on entitlements on medicare and medicaid. this has to be a part of this agreement. >> reporter: the white house is going all out on this campaign tactical front, even deploying twitter, using the hash tag, to learn how they would save. >>> and chuck todd on the white house lawn, starting us off. a big aspect of this again is medicare, 50 million americans get their health insurance through medicare. that number is growing quickly as the baby boom number gets older. polls show americans don't want big change to it, but big change could come. nbc's tom costello has more on what it may look like. >> reporter: it is one of the most popular government programs, but medicare now accounts for more than 13% of federal spending, and expected to grow at what many analysts call an unsustainable rate. so among the many options congress could consider to cut costs, slowly raise the eligibility age, and it would affect mr. and mrs. green, who l
CSPAN
Nov 29, 2012 10:00am EST
disasters. that's precisely the time that the local economy and taxpayer are least able to pay the full cost of recovery. they need money, personnel and assistance, but that doesn't mean a permanent entitlement to risky behavior. the federal government should deal with what is truly catastrophic and with the humanitarian costs. families obviously should not be less destitute, hungry and homeless in the aftermath of natural disaster. there is, however, no reason that we encourage the repetition of these terrible events. in a time of fiscal stress and budgetary realignment, we should include government disaster spending, liability and development policy as we address the fiscal cliff. done right this will not only save money but countless lives as well. the speaker pro tempore: the chair recognizes the gentlewoman from new york, ms. hayworth, for five minutes. ms. hayworth: thank you, mr. speaker. mr. speaker, all work in congress during these final weeks of 2012 is focused on the fiscal cliff. we're worried and rightly so about what it means to our economy, to our future, to the daily lives r
Current
Nov 29, 2012 3:00am PST
low. that's what our economy needs. that's what the american people deserve. >> bill: you'll see some photos of this event yesterday at the white house up on our web site at billpressshow.com. again, the president pointed out it's passed the senate. get it through the house. he's got his pen ready to go. >> obama: democrats in the house are ready to vote for that same bill today. if we can get a few house republicans to agree as well, i'll sign this bill as soon as congress sends it my way. i gotta repeat, i've got a pen. i'm ready to sign it. >> bill: he held up his pen. i've got a pen. he says a few house republicans that's right, you don't need that many but you need to bring it up for a vote. boehner won't do it. why won't boehner do it because boehner says that still says -- he's just dead ass wrong he still says that raising taxes on the wealthiest of americans on the 2% would cost -- would kill jobs and kill the economy and we know from the eight years under bill clinton proven just the opposite. in the
CSPAN
Dec 4, 2012 7:00am EST
in this country. theit has done nothing to stimulate jobs. it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automat
CSPAN
Dec 5, 2012 10:00am EST
. in conclusion, the bill will benefit our nation's economy by helping american innovators and businesses better protect their inventions overseas. i urge my colleagues to support the legislation, and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from texas. mr. smith: mr. speaker, we have no other speakers on this side. i yield back the balance of my time as well. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass senate 3486. those in favor will signify by saying aye. those opposed, no. in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid on the table. for what purpose does the gentleman from texas seek recognition? mr. smith: mr. speaker, i move that the house suspend the rules and pass s. 2367, the 21st century language act of 2012. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 2367, an act to strike the word lunatic from
CSPAN
Nov 29, 2012 1:00pm EST
or programming computers or designing aircraft, we have needs across all sectors of our economy. not -- yes, in stem, but not just in stem. so we are asked to choose. asked to choose between people with graduate degree who we want to keep here in science, technology, engineering, and math. in many cases, if they're not allowed to stay, they will have to return to other countries and the jobs will follow them, costing our country jobs. choose between them and allowing people here from countries other than mexico, india, and china. some of whom are high skilled, some of whom are low skilled, divorce group across the board and looking back at many of our own forebears, certainly mine mitigating circumstance family came to this country in the late 19th century and early 20th century, 1890's, 1905. they didn't have master's degrees they zrntpampede's they didn't have college degrees. and that's the case for many of our forebears. and here today their great grandson sits as a member of congress. and had a program then existed whereby they could arrive nellliss island and be here, i wouldn't be he
CSPAN
Nov 30, 2012 10:30pm EST
and is fair. that would be good for businesses, for our economy, for future generations, and i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're going to have to raise a little more revenue. we have to cut spending we don't need. and if we combine those two things, we can create a path where america's paying its bills while still being able to make investments in the things we need to grow like education and infrastructure. we know how to do that but in washington nothing's easy so there's going to be prolonged negotiations and all of us are going to have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hopeful that enough members of congress in both parties are willing to do that, as well. we can solve these problems, but where the clock is really ticking right now is on middle class taxes. at the end of the year, middle class taxes currently in place are set to expire, middle class tax cuts surge in place are set to expire. there are two things that can happen. if conditioning does nothin
FOX News
Dec 5, 2012 7:00pm PST
economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a
MSNBC
Nov 30, 2012 7:00am PST
. again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have this income, unemployment insurance which keeps them in the economy, a functioning part of the economy, so they can spend the money. so the economic policy institute went ahead and extrapolated. if you were to keep this $30 billion cost of extended unemployment insurance, actually, that will pump another $15 billion to $18 billion into the economy because these folks are spending money. and that's what fuels our economy. >> some of the people who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal -- >> right. >> -- they say that it's not a fiscal
CSPAN
Dec 5, 2012 9:00am EST
the world as a very effective way of ensuring a decarbonization market driven way of our economy, and we've just published an energy bill and to let the control framework that would allow for new renewable investment to the rest of this decade. the industry has that, alongside the cast strategy. on the decarbonization target, as they say we're going to take a power in the bill to set a target but that would be a decision for after the next carbon budget which happens in 2016. that is a perfectly sensible and rational approach to take. >> cannot congratulate the chancellor on his statement that fair, transparent -- [shouting] >> is not only not rising but is falling in every year of this parliament? with 19 days to christmas, mr. speaker, can ask the chancellor which the family-friendly measures whether scrapping the fuel duty increase, freezing tax are raising the personal allowance next year he thinks will be most benefit for the family? >> what i would say to my honorable friend is with have to take some difficult decisions. we've had to take difficult decisions on welfare of bring alo
CNBC
Nov 30, 2012 9:00am EST
slowed their economy too much and it's time to put more gasoline on it. they actually have the ability to do that. the communist party is very well run. ceo is terrific. they may declare a special dividend. >> the ceo is no andrew mason. >> no. if the ceo were to leave, i don't know if the stock would pop. >> bob pisani is on the floor watching what's moving on this friday. good morning, bob. >> we opened flat by in large. i have to say the commentary this morning, the mood is gloomier than i have seen recently. there's been a lot of hope that a deal could be reached here. how's this for gloom? 2013 is going to be tough. fiscal cliff or not. how's this one? we lose either way. you get a fiscal cliff deal, you'll have tax increases and spending cuts. they'll cut 1%, 1.5% off gdp. that's not good for stock market in 2013. you don't get a deal, you get mandatory spending cuts that will be worse. meantime, there are shorter term worries. how about getting through today? how do you go long or short here today when over the weekend anybody -- i mean almost anybody, can appear on a sunday tal
FOX News
Nov 30, 2012 8:00am PST
and congress have just one month to prevent tax hikes and spending cuts that really could send the economy according to some right back into a recession. we are glad you are with us on this friday, everybody, i'm jenna lee. jon: i'm jon scott. president obama offering his opening bid to avoid the fiscal cliff but it's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,
MSNBC
Nov 30, 2012 6:00am PST
the summer months where he focused on obama and the economy. i want to talk about, because i can't resist it, it's almost 2013. i think we're well within the bounds. the virginia governor's race. bill bolling, the lieutenant governor, dropped out in twain to make way for bob mcdonnell, currently the governor, dropped out again this week to make way for state attorney jgeneral ken cucinell cucinelli. you have the best friend of bill clinton terry mcauliffe as the democratic nominee. some people are painting this as a tea party against the clintons in mcauliffe. things can still happen. it looks like a fascinating race. >> chris, as you know, political reporters, we only have two gubernatorial races to cover. we give a lot of attention to virginia and new jersey. what's fascinating about virginia, since i've been covering politics on the national stage, the off-year election has proved to be a template if that party that's out of power wins. 2005, tim kaine ends up running a race, appealing to independents, sfresing his religious faith. actually kind of having a very soft appeal to a lot of fo
MSNBC
Dec 6, 2012 4:00pm PST
in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they shortened early voting periods. well, it didn't work. minority turnout remained steady from 2008, and in some states it increased, like ohio. some civil rights leaders say it was those attempts at voter suppression that drove voters out to vote even if it meant standing in line for hours. what is clear is the republican party has a d
MSNBC
Dec 6, 2012 5:00pm EST
we need smart government for a strong economy. the returns for this ration will be on february 10th when we'll find out who won. r heart health. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? house garden and encourages we'll be right bachouse garden we'll be right bachouse garden we'll be right bac >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ba ballot box. they shortened early voting periods. well, it didn't work. minority turnout remained steady from 2008 and in some states it increased, like ohio. some civil rights leaders say it was those attempt at voter suppression that drove voters out to vote even if it meant standing in l
CNBC
Nov 30, 2012 2:00pm EST
's riding on this debate. this is too important to our economy, it's too important for our families to not get it done and it is not acceptable to me and i don't think it is acceptable to you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> reporter: now just minutes after that, speaker of the house, john boehner, the republican leader here on the house side of the capitol, took to the podium as sort of a downbeat speaker boehner saying that we are at an impasse here in washington in these negotiations. >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i have to say because i don't want to make it harder for me or the president. >> reporter: so, brian, as you can tell, they're talking about a stalemate here in washington but the very fact that mcconnell is floating new ideas in the "wall street journal" just within the past couple of minutes is an in
FOX News
Dec 1, 2012 1:00pm PST
our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the future. to me the tidal waves that are coming at us is social security and medicare and the new health care law. >> reporter: now house democratic leader nancy pelosi is calling the speakers to bring the tax to the floor by tuesday or she will try to force a vote. boehner is not likely to buckle under pressure so it seems like a standoff. >> gregg: sfuaf. what a surprise? they want to resolve this fiscal crisis or lack in his real compromise. john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the preside
CSPAN
Dec 5, 2012 1:00pm EST
as anyone. i have sales for wal green's and cvs. that's tough to do in today's economy. $10,000. so that's why it's so interesting. look out here. of the -- almost 21 million tax returns filed, only 14 of them ended up having a tax associated with them, 425,000 were itemized. now i want you to think about that, mr. speaker. you know, most americans don't itemize on their taxes. they have the standard exemption, the standard deduction. most americans take that. even homeowners. of course, the mortgage interest deduction is the largest itemized deduction that most american families take followed by the charitable deduction. but most american families don't itemize at all. so you have to ask yourself, mr. speaker. who are the folks who are reporting under $10,000 a year in income who are doing all this itemizing? it's about 30-1. even down here among the richest of americans, mr. speaker, it's 1-1. 30-1. folks are gaming this tax code, gaming this tax code to participate not at all in the funding of our government. and when we get together here to try to think about how we take care of the
FOX News
Dec 2, 2012 3:00am PST
they were in 1980 or 1950, the question is given the world today and the other economies do we have a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies
Current
Dec 3, 2012 9:00am PST
of the economy that george w. bush left him with! he didn't come in and say gee the first thing i want to do is raise food stamps, a lot has been the unemployment insurance. if has been to address the worst financial crisis we've had since the great depression. >> since herbert hoover. >> the last businessman president. >> obama: both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle-class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board i'll sign this bill as soon as congress sends it my way. >> tax cuts for the 98%. slight raise in taxes for the top 2%. seems like a pretty good deal. >> stephanie: yes. oh, by the way. [ ♪ "world news tonight" ♪ ] , robert rice as usual has a great piece of why we should stop obsessing about the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish pres
FOX News
Nov 30, 2012 2:00pm PST
. >> eric: it's not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers
FOX News
Dec 1, 2012 9:00am PST
$2200. we can't let that happen. our families can't afford it and neither can our economy. >> but republicans say the president should quit his campaign mode and come home and take care of business. the latest round of political maneuvering involves pressure from democrats to schedule a vote on the senate plan to extend middle class cuts. but republicans say let's see spending cuts first. >> we need to hear they are willing to make spending cuts now. not promises in the future . the tidal waves comingalt us is social security and medicare and of course, the new health care law of the presidents which is unaffordable and unworkable. >> nancy peel peel calling on speaker boehner to bring it to the floor or she will launch a move to force a vote. boehner is not likely to buckle and pelosi's maneuvering will not do much either. speaker boehner said we are at a stalemate. pat buchanan is joining us in the studio. >> thank you. >> i am glad to have you here. do you think that the president wants to have any real negotiation or is it a show to say if republicans stand up to him,
MSNBC
Nov 30, 2012 5:00pm PST
, so we can engage in tax reform and get the economy going again. we're being serious that offer yesterday was simply not serious. >> cantor was speak iing antd t deal presented by treasury secretary timothy geithner. today the white house released details about that deal. in spite of republican claims of $400 billion in cuts, the deal proposed $600 billion in cuts. $350 billion in medicare savings and $350 billion to other programings next year. john boehner basically lied yesterday when he said the white house had not offered specifics. today he complained about those specifics. >> the white house spent three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts and they want to have this extra spending that's actually greater than the amount they are willing to cut. i mean, it's -- it was not a serious proposal. and so right now, we're almost nowhere. . >> boehner offered the republican counter to the white house plan. >> our original framework still stands. instead of raising
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